Ains 21 segment a - Study guides, Class notes & Summaries

AINS 21 - Segment A AINS 21 - Segment A | 137 Questions and Answers with complete solution

AINS 21 - Segment A 137 Questions and Answers 100% Solved From a risk management viewpoint, insurance is used to A. Prevent the cost of losses Reduce the cost of losses Transfer the cost of losses Isolate the cost of losses. - C. Transfer the cost of losses. A loss exposure is: Any condition that presents the possibility of a loss. Any condition that precludes the chance of loss. The same thing as a peril. The same thing as a hazard. - A. Any condition that present the possibi...

AINS 21 Segment A | 124 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+

AINS 21 Segment A | 124 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+

AINS 21 - Segment A Questions and Answers Graded A+ From a risk management viewpoint, insurance is used to A. Prevent the cost of losses B. Reduce the cost of losses C. Transfer the cost of losses D. Isolate the cost of losses. C. Transfer the cost of losses. A loss exposure is: A. Any condition that presents the possibility of a loss. B. Any condition that precludes the chance of loss. C. The same thing as a peril. D. The same thing as a hazard. A. Any condition that present t...

AINS 21 - Segment A with Complete Solutions

AINS 21 Segment B (Chapters 4-6) Rated A+ claim a demand by a person or business seeking to recover from an insurer for a loss that may be covered by an insurance policy claimant anyone who submits a claim to an insurer first party the insured in an insurance contract third party a person or business who is not a party to the insurance contract bu who asserts a claim against the insured claim representative (or adjuster) a person responsible for verifying coverage, determinin...

AINS 21 Segment A | 124 Questions and Answers 100% Verified 4 roles of insurance - 1. risk management technique transfer system business contract loss exposure - any condition or situation that presents a possibility of loss, whether or not actual loss occurs risk management - making and implementing decisions that will minimize the adverse effects of accidental losses on an organization -avoid, prevent, reduce -from RM standpoint, insurance is used to transfer cost of losse...

AINS 21 Segment A (ch 1-3) Study Guide.